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Stock Investors Sell Off Shares of Sturm Ruger & Co, Down 1.4%

Published on Thu, 03/14/2013 - 10:23
By Mallory Stone

Sturm Ruger & Co (NYSE:RGR) is one of today's notable stocks in decline, down 1.4% to $55.05. The Dow is up 0.4% to 14,514 and the S&P is currently up 0.4% to 1,560.

In the past 52 weeks, shares of Sturm Ruger & Co have traded between a low of $34.22 and a high of $60.11 and are now at $55.05, which is 61% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 1.49% higher over the past week, respectively.

Sturm Ruger & Co (NYSE:RGR) is currently priced 27.3% above its average consensus analyst price target of $40.00. The stock should discover initial support at its 50-day moving average (MA) of $52.32 and subsequent support at its 200-day MA of $47.04.

Sturm, Ruger & Company, Inc. designs, manufactures and sells firearms and precision metal investment castings. The company's firearms products include rifles, shotguns, pistols, and revolvers. The Company's titanium and ferrous investment castings are utilized in the production for a wide variety of markets including golf clubs and sporting goods, commercial, and military.

By Mallory Stone